Legal, Ethical, and Economic Perspectives

Legal, Ethical, and Economic Perspectives - January...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
January 26-February 4: Legal, Ethical, and Economic Perspectives Readings: Van Gorkom limited their ability to solicit other offers, only accept offers LBO valuation: leveraged buyout, leverage high yield debt; leverage the assets of the company for the loan, amount of the loan is expectation of revenues firm will generate; I’m not putting in any of my own money, I’ll make so much I can pay off everything and then hopefully make a profit Price remained at $55 through to transaction…why?...because no other offers were given because it was basically announced as a done deal (normally, the really worth price would have surfaced) Negligent thing to do, not protected by business judgment rule Schlensky v. Wrigley Welfare of the corporation… bad neighborhood would also effect the stadium Court was going out of way to look in Mr. Wrigley’s benefit Court did not entertain sophisticated matters of increasing value in brand (win-win)…
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern